Regístrese hoy mismo

y en menos de un minuto podrá acceder a:Titulares de última horaAnálisis y reportajesVídeos, podcasts y blogs sobre materias primasMuestras de precios e información de mercadoInformes especialesAvisos a los suscriptores y alertas diarias por correo electrónico

¿Ya tiene una cuenta?

Inicie sesión para registrarse

¿Olvidó su contraseña?

Nota: Los suscriptores de Platts Market Center solo pueden restablecer contraseñas desde la plataforma Platts Market Center

Indíquenos la dirección de correo electrónico con la que está registrado y le enviaremos un correo electrónico con su contraseña.


  • Correo electrónico Address* Escriba una dirección de correo electrónico.

Si es usted suscriptor/a premium; no podremos enviarle su contraseña por razones de seguridad. Póngase en contacto con nuestro departamento de atención al cliente.

Si es usted suscriptor/a de Platts Market Center, deberá restablecer su contraseña desde el portal de Platts Market Center.

En esta lista
Petróleo

US shale oil output growth grinding to a halt: EIA data

Gas natural | Petróleo

Platts Scenario Planning Service

Materias primas | Gas natural | Petróleo | Productos refinados

Brazil Oil and Gas Conference

Petroquímicos

Panorama petroquímico de las Américas, semana del 16 al 20 de septiembre

US shale oil output growth grinding to a halt: EIA data

Lo más destacado

Political and economic risk

Supply and demand

Policy and regulation

Liberalization and market design

Supply security

US shale oil production is expected to see a net gain of just 1,000 b/d in April, according to the US Energy Information Administration's latest Drilling Productivity Report published Monday.

¿No está registrado?

Reciba alertas diarias y avisos para suscriptores por correo electrónico; personalice su experiencia.

Registro

The data shows net production from the Bakken, Eagle Ford and Niobrara shale plays all falling in April -- the first time they will have contracted since the EIA started publishing the DPR in November 2013.

Only the Permian region will show a significant projected net gain in April, at 21,000 b/d, compared with the February report's projection for March growth of 30,000 b/d.

The DPR uses recent data on the total number of drilling rigs in operation, along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells. The projection is based on seven key shale plays -- the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian and Utica. These regions accounted for 95% of US oil production growth between 2011-13.


The net gain in production is provided by subtracting legacy declines from new production. Shale oil wells see a burst of output on completion, but then a sharp rate of depletion over the first and second years of production. While drilling activity expands, new production rises faster than legacy declines, resulting in net gains. However, as drilling activity, and more specifically well completions, stall, new production plateaus and then falls. Legacy declines -- based on the drilling of the previous 12-24 months -- continue to rise.

Projections for total new production from the seven shale plays have shown marginal and ever-smaller gains over the same period. This is the second consecutive month in which the projection has fallen, with the EIA estimating new production at 336,000 b/d in April, down from 399,000 b/d for March.

As expected, legacy declines continue to increase, eating into the new production figures. Legacy declines rose to a new record high of 335,000 b/d in the March projection for April.

The US shale industry is on the cusp of the inflexion point where legacy declines start to overwhelm new production, the net gain becomes a loss and US shale oil output starts to contract.

Nevertheless, overall, US crude production continues to rise. As of the week ending February 27, the EIA's supply projections estimated output at 9.324 million b/d, up from 9.134 million b/d at the beginning of the year.

The four-week moving average for week 4 of each month shows the rate of increase slowing rapidly from September 2014 through January 2015 in line with the projected deceleration in shale output, but jumping again in February.

The month-on-month increase in the four-week moving average dropped steadily from 229,000 b/d in September to 55,000 b/d in January, but rose 98,000 b/d in February. This may reflect the rise in the NYMEX front-month crude contract from $47.71/barrel at the end of January to $53.54/b February 17. The contract had subsided back below $50/b by end-February.

--Ross McCracken, ross.mccracken@platts.com
--Edited by Keiron Greenhalgh, keiron.greenhalgh@platts.com